Beverly Hills Private Wealth LLC Sells 1,601 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Beverly Hills Private Wealth LLC trimmed its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 7.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,513 shares of the bank’s stock after selling 1,601 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $315,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Financial Management Professionals Inc. increased its position in Banco Bilbao Viscaya Argentaria by 105.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock worth $28,000 after buying an additional 949 shares during the period. Alpine Bank Wealth Management bought a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter worth approximately $29,000. Private Trust Co. NA increased its position in shares of Banco Bilbao Viscaya Argentaria by 224.7% during the first quarter. Private Trust Co. NA now owns 2,607 shares of the bank’s stock valued at $36,000 after purchasing an additional 1,804 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the first quarter valued at approximately $46,000. Finally, Bessemer Group Inc. increased its position in shares of Banco Bilbao Viscaya Argentaria by 25.3% during the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank’s stock valued at $53,000 after purchasing an additional 787 shares during the period. 2.96% of the stock is owned by institutional investors.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of BBVA stock opened at $20.13 on Tuesday. The stock’s fifty day simple moving average is $18.82 and its 200 day simple moving average is $16.26. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $117.49 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 0.94 and a beta of 1.19. Banco Bilbao Viscaya Argentaria S.A. has a one year low of $9.23 and a one year high of $20.16.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.24 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%. On average, analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 6th will be paid a $0.3736 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a yield of 395.0%. Banco Bilbao Viscaya Argentaria’s payout ratio is currently 38.95%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BBVA shares. Barclays upgraded Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research report on Thursday, August 7th. Weiss Ratings restated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria presently has an average rating of “Buy”.

Banco Bilbao Viscaya Argentaria Profile

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.